Medical malpractice lawsuits happen all the time. Patient will often sue a doctor when they're not happy with the work that is provided or the care has been negligent. Even when you do everything correctly, a medical malpractice lawsuit can come against you. The good news is that you can obtain insurance that will provide financial protection against anything that the patient could claim.

Knowing how medical malpractice insurance in Ponte Vedra Beach can protect you is important. There are many claims that you can become protected against so that you are not putting the financial burden on your practice.

THE MOST COMMON CLAIMS

It’s always a good idea to familiarize yourself with some of the claims that patients may file with the insurance company against your practice. This will allow you to explore the potential medical malpractice lawsuits that you could potentially deal with.

The most common include:

  • The misdiagnosis of a problem
  • Surgical errors
  • Medication errors
  • Childbirth issues

Approximately 20% of all malpractice cases are related to childbirth and are filed against an OBGYN. This is important to know especially if you are within this field. Another thing to realize is that approximately 1.5 million injuries occur in the US every year as a result of the wrong dose or the wrong medication being prescribed to a patient.

HOW YOU CAN PROTECT YOUR PRACTICE IN PONTE VEDRA BEACH

Understanding the types of claims is important because it will allow you to protect yourself sufficiently. Medical malpractice insurance is a requirement, though the level of coverage you obtain can vary. Regardless of whether you win the case or not, it’s going to cost you to obtain legal representation. By choosing sufficient Ponte Vedra Beach medical malpractice insurance, you can make sure that you are doing everything you can protect the finances of you and your practice.

It’s a good idea to make some comparisons between the different policies are available. This way, when it comes to obtaining coverage, you can do so with confidence knowing that you have one that is going to protect you against any potential claim. The average payout on a claim for inpatient is around $400,000 according to the American Medical Association. This is a significant amount of money, and you don’t want to bankrupt your practice simply because you made a single mistake.

This is what you have to realize. You are only human, and therefore accidents are going to happen. In the medical field, you are held to higher standards, whether it’s fair or not. As one of the main reasons that medical malpractice insurance is a requirement. By working with an independent insurance agent, you can learn more about what your options are and stay within a budget that works for your practice.